OnePlus to shut down? Report claims company is being ‘dismantled', CEO breaks silence

The tech world was jolted yesterday after a report from Android Headlines started spreading like wildfire, claiming that OnePlus was being “dismantled” and “wound down”. The report cited declining sales numbers, cancelled devices and unnamed internal sources as evidence for its conclusion. However, OnePlus India CEO Robin Liu has refuted the claims and said that business operations are continuing “as usual and will continue to do so.”

In a post on X on Wednesday, Liu wrote, “I wanted to address some misinformation that has been circulating about OnePlus India and its operations. We’re operating as usual and will continue to do so. Never Settle.”

Liu also shared an image with the post that featured the text, “Recent unverified reports claiming OnePlus is shutting down are false. OnePlus India's business operations continue as normal. We urge all stakeholders to verify information from official sources before sharing unsubstantiated claims.”

OnePlus had launched its flagship device, OnePlus 15, in India in November 2025, followed by the OnePlus 15R and OnePlus Pad Go 2 the very next month. However, in the last few weeks, rumours have surfaced that the Oppo sub-brand has cancelled its plans for the OnePlus Open 2, its notebook-style foldable, and the OnePlus 15s, its compact flagship.

The company has also been losing market share to rivals in an ever-competitive smartphone market, further complicated by the recent memory chip shortages. As per IDC data, OnePlus went from 3.6% market share in Q3 2024 to 2.4% in Q3 2025, marking a 30.5% decline for the brand.

Meanwhile, OnePlus' parent company Oppo remained steady at 13.9% in both Q3 2024 and Q4 2025.

OnePlus's tax troubles in India

Apart from battling rumours around its shutdown, OnePlus India is facing a ₹93 crore tax notice from the GST department related to its lifetime screen replacement programme for the green line issue, according to a report by The Economic Times.

The company is said to have made the notice public in a regulatory filing submitted to the Registrar of Companies, in which it stated that authorities have carried out inquiries, searches, and inspections into its “Green Line Worry Free Solution”.

The company is said to have deposited ₹10 crore under protest but has now reportedly been advised by its senior legal counsel that it has a strong case and the likelihood of any liability arising is low.